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Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.


TSX:FAR - Post by User

Comment by savyinvestor333on Feb 22, 2024 11:34am
56 Views
Post# 35893368

RE:RE:RE:If they announce a divy

RE:RE:RE:If they announce a divy On the call and Beacon report it was mentioned as a Special Dividend. If you look way back to the initial l listing they paid a dividend and also increased it if I remember correctly. With insiders owning over 35% of the shares they are Highly motivated to return Capital to shareholders. If the Business continues at this rate I'm sure they will institute.a semi annual or quarterly dividend. Don't expect 6 cents a quarter though.
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